Jamaica’s economy is showing signs of bouncing back! After two quarters of decline, the nation saw a 1.1% growth in the first quarter of 2025, exceeding expectations. Changes in how GDP is calculated, including rebasing to 2015 and industry reclassifications, aim for greater accuracy and international comparability.
Regional integration is crucial for Caribbean businesses’ survival, according to PSOJ President Metry Seaga. He urged businesses to dismantle trade barriers, highlighting the need for harmonized regulations and efficient systems. CPSO Chairman Gervase Warner emphasized the private sector’s role in removing these barriers and fostering regional collaboration.
Builders tossing and turning? A recent study reveals over half of tradespeople visualize work before sleep, with 6% playing “Tetris” with their profession in dreams. Plumbers dream of pipes, roofers of tiles, highlighting the mental toll of demanding jobs.
Jamaica’s economy bounced back, growing by 1.1% in the first quarter of 2025, exceeding initial projections. This growth follows two prior quarters of decline. New statistical methods offer improved accuracy, with reclassifications across industries for clearer reporting. Will this upward trend continue?
Want to see local businesses thrive? The SDC’s LEDSP provides crucial yearly support to around 400 grassroots businesses in Jamaica! This programme aims to help them grow, formalise, and boost the local economy. Find out how they do it!
